Prices of oil futures fell sharply today , registering with the second session decline in a row, that, first of all, is connected with an attempt to resolve the Syrian diplomatic issue, and the decision of the Senate of the United States to postpone the vote on military intervention in Syria.

Note that the decline in oil prices began on Monday after Russia supported the comment Secretary of State , John Kerry , who said that a military strike could be averted if Syrian President Bashar al- Assad hand over chemical weapons. Even today, it was reported that Syria has agreed with this proposal. Against the background of this decision down fears that possible military action in Syria could spill over into neighboring countries in the Middle East and lead to disruptions in the supply of the region, which produces about a third of the world's oil .

In addition, the course of trade affected by information that the Organization of Petroleum Exporting Countries (OPEC ) raised its forecast for global oil demand in 2013 by about 30,000 barrels per day - up to 89.74 million barrels per day , it should be from the September the report of the organization.

In the first and second quarter of the daily demand of 88.86 and 88.93 million barrels, respectively . In the third and fourth quarters of the daily demand is expected to reach 90.2 million and 90.92 million barrels of oil per day , respectively, versus 90.9 and 90.18 million according to the August forecast .

In 2014 , global demand is projected OPEC will reach 90.77 million barrels per day , an increase of 1.16% as compared to 2013. Figure was slightly elevated - in August he was at 90.75 million barrels per day. In the first quarter of next year, demand will reach 89.89 million barrels a day - at the level of the previous forecast .

Meanwhile , we add that traders are waiting for today's data from the API, which is to show how to change the volume of crude oil in the United States . Also important will be tomorrow's report on oil , which will be published by the Ministry of Energy.

The cost of the October futures on U.S. light crude oil WTI (Light Sweet Crude Oil) fell to $ 106.77 a barrel on the New York Mercantile Exchange.

October futures price for North Sea Brent crude oil mixture fell $ 1.72 to $ 111.44 a barrel on the London exchange ICE Futures Europe.

Gold prices declined significantly today , while losing about 2 percent , after Syria accepted the offer of Russia to give up chemical weapons in order to prevent a strike by the United States .

Note that Russian diplomats over the past day could seriously change the approach to the Syrian issue. Foreign Minister Sergei Lavrov said today that the country will soon submit a concrete plan for the transfer of chemical weapons in Syria under international control. On the eve of Lavrov caught on the word of his colleague, the Secretary of State, John Kerry, who offered to Damascus to voluntarily surrender all chemical weapons and thereby avoid military action. Unexpectedly for many peace initiative has gained quite real. The Russian version is supported by many western countries. And, most importantly , Syria has given its consent . Voting in the U.S. Senate by a military scenario postponed indefinitely.

Analysts say that in recent weeks the cause of rising gold prices has been uncertainty in the Middle East and rising oil prices , but since there is now a partial clarification of the situation and the extinction of concern , the value of the precious metal may continue to decline. Meanwhile, experts predict that gold will remain under pressure in the coming session on the background of the increased uncertainty about the timing and rate of decline of asset purchases by the Federal Reserve System .

In addition, we add that the data presented today showed that the gold reserves in the SPDR Gold Trust fell yesterday by 0.23 % to 917.13 tons from 919,23 tonnes on Friday .

The cost of the October gold futures on COMEX today dropped to $ 1362.00 per ounce.